Spyglass Resources Corp SGLRF

Spyglass Resources Corp is an oil and gas exploration and production company that conducts its operations in the Western Canadian Sedimentary Basin. The Company is a dividend paying, intermediate oil & gas company that trades on the TSX under the symbol 'SGL'. It operates oil and natural gas properties in Alberta, Saskatchewan and British Columbia.

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Spyglass Resources Corp > When stocks trade on technicals , fundamentals are useless.

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Comment by konzelmannon Aug 22, 2014 2:07pm

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Post# 22870043

RE:When stocks trade on technicals , fundamentals are useless.

Usually the fundamentals come through in the long-haul, as long as you don't mis-judge the fundamentals. However, you're right that in the short-term the technical can kill your day when you realize everyone's dumping and that the 'low' price you got today is the high tomorrow as it keeps on going down another 10%. Which is the main reason I haven't bought yet I think.

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